AAII Asset Allocations

The American Association of Individual Investors (AAII) surveys its membership periodically about their current asset allocations. The December data show (long term average in parenthesis):

stocks 62% (60%)
bonds 20% (16%)
cash 18% (24%)

As noted in this article, these allocations sometimes provide some contrarian information on sentiment, with AAII members often reporting high allocations toward equities near market tops and low equity allocations near lows.

I personally find it interesting that, in the 20+ years of historical data shown in the article, average AAII member allocations toward stocks has never fallen below 40%.

Note also that other asset classes, such as commodities and real estate, are not considered in the survey.